{"id":46142,"date":"2017-09-29T12:29:38","date_gmt":"2017-09-29T16:29:38","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=46142"},"modified":"2017-09-29T13:14:07","modified_gmt":"2017-09-29T17:14:07","slug":"trading-lessons-from-happy-hour","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/trading-lessons-from-happy-hour","title":{"rendered":"Trading lessons from Happy Hour"},"content":{"rendered":"

\"\"<\/p>\n

We held a traders Happy Hour last night for our proprietary trading firm.<\/p>\n

Some of the new hires having a blast asked how often we hold Happy Hours.\u00a0 And I thought, “What we don’t cover this during recruiting?”\u00a0 Note to HR.<\/p>\n

Rooming the room to check in on everyone a few trading lessons emerged:<\/p>\n

    \n
  1. Traders were gathering and discussing new ways to make money.\u00a0 As we say on our desk, how to expand your PlayBook.\u00a0 The better traders were using this Happy Hour as an opportunity to brainstorm with other top traders.\u00a0 One idea discussed between two top traders was something that had never been done at the firm and worthy of a deep dive.\u00a0 Some more beers over here please.<\/li>\n
  2. Some promising developing traders were using the Happy Hour as a way to review the past week.\u00a0 A gaggle on the desk had two tough days followed by two very strong days.\u00a0 How could they draw down less during the down days?\u00a0 How could they have been bigger during the strong days?\u00a0 Were they leaning too heavily to one side, rather than being more open-minded?\u00a0 How is the AI run-up different than other low float runners?<\/li>\n
  3. The most social developing traders were chatting up the top traders about trade ideas and the generation of trade ideas.\u00a0 They were using the strength of their social skills to strengthen their learning.\u00a0 This is a good practice for those who learn best thru interaction.\u00a0 It is not just that you want to build a trading system that allows you to express your strengths in markets, but the way you work to improve ought to match your learning strengths as well.<\/li>\n
  4. The Three Monkeys Bar has a really nice roof top bar and beer garden selection.\u00a0 It was enjoyable to be outside in beautiful weather right before the chill is to come.<\/li>\n
  5. Perhaps most importantly, the new hires and developing traders, get to socialize with a bunch of traders doing *very* well for the month.\u00a0 They think:\u00a0 I can do that too!\u00a0\"\"<\/li>\n<\/ol>\n

    I had to head home to get the kids ready for bed before the end of this gathering.\u00a0 My sense is I may have missed a few things that the younger traders did not.<\/p>\n

    *no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

    We held a traders Happy Hour last night for our proprietary trading firm. Some of the new hires having a blast asked how often we hold Happy Hours.\u00a0 And I thought, “What we don’t cover this during recruiting?”\u00a0 Note to HR. Rooming the room to check in on everyone a few trading lessons emerged: Traders were gathering and discussing new … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":46143,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[30,376,653,1354,1989,5446,1349],"class_list":["post-46142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-prop-trading","tag-proprietary-trading-firm","tag-trader-training","tag-trading-coach","tag-trading-course","tag-trading-happy-hour","tag-trading-mentor"],"yoast_head":"\nTrading lessons from Happy Hour | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/trading-lessons-from-happy-hour\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trading lessons from Happy Hour | SMB Training\" \/>\n<meta property=\"og:description\" content=\"We held a traders Happy Hour last night for our proprietary trading firm. Some of the new hires having a blast asked how often we hold Happy Hours.\u00a0 And I thought, “What we don’t cover this during recruiting?”\u00a0 Note to HR. Rooming the room to check in on everyone a few trading lessons emerged: Traders were gathering and discussing new ... 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